As the credit, collections, and enforcement industry works to push even harder for strict compliance, a new piece of research will assess where creditors and collectors feel that they are, and whether the industry believes that it has the right tools for the job.
The research, which will be run by CCRMagazine and TriLine GRC, will ask crucial questions such as: what are the key regulatory compliance supervision challenges facing firms, how do firms currently manage and evidence FCA SYSC compliance and risk management governance controls, and whether firms are already in the process of implementing the FCA requirements under the SMCR.
Stephen Kiely, editor of CCRMagazine, said: “It is no secret that compliance is at the heart of everything that the industry does, it is a huge concern, which is why this month’s edition of CCR2 is covering this subject.
“But the practical reality is that ever more regulations are being placed on the industry so creditors and collectors will need to continue to adapt and evidence that they have complied in an appropriate way.
“This is an important piece of work, which we are proud to be collaborating with TriLine GRC on, and I hope that readers will want to take part in the survey.”
- To fill out the short survey, please go to this link. It should not take any more time than that and, as always, all responses will only be reported as aggregate figures.